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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose946/4/2020 11:07:03 AM
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Five Star Diamonds (STAR-V) Upsize Previously Announced PP

June 3rd 2020 - NR

Due to interest from potential investors, Five Star Diamonds Ltd.'s previously announced non-brokered private placement has been increased by $500,000 up to 66,666,666 units of the company at an offering price of 1.5 cents per unit for gross proceeds of up to $1-million. Each unit will comprise one common share of the company and one common share purchase warrant with each warrant exercisable for one common shares at a price of five cents per share for a period of 12 months from closing. The terms of the offering and the units otherwise remain as previously disclosed.

The proceeds from the offering will be used for exploration activities on the company's mineral projects and for general working capital purposes.

Completion of the offering is subject to the approval of the TSX Venture Exchange.

On behalf of the Board

Matthew Wood
Chairman
Five Star Diamonds Limited
+1.647.981.1703
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